Question 1

Can I use a DSCR loan to buy my primary home?

Accepted Answer

No. DSCR loans are for investment properties only. For a primary residence, bank statement loans are the non-QM option.

Question 2

Do bank statement loans require good credit?

Accepted Answer

Most lenders want a 620 minimum, but better rates kick in above 700. Credit still matters on bank statement loans.

Question 3

What DSCR ratio do lenders want in Lathrop?

Accepted Answer

Most lenders require a 1.1 DSCR or higher. Some go lower with stronger down payments. Rates vary by borrower profile and market conditions.

Question 4

Can I use a DSCR loan under an LLC?

Accepted Answer

Yes. DSCR loans are one of the few non-QM products that work cleanly inside an LLC or other entity structure.

Question 5

Which loan closes faster — bank statement or DSCR?

Accepted Answer

DSCR often closes faster. There's less personal documentation to collect and verify. Bank statement loans require statement review and income analysis.

Question 6

Can I have both loan types at the same time?

Accepted Answer

Yes. Some San Joaquin investors carry a bank statement loan on their home and DSCR loans on their rentals simultaneously.

Bank Statement vs DSCR Loans in Lathrop, CA